Real Estate at 1260 240th St, Waverly IA, 50677
A 5% Buyer's Premium will be added to the final Sales Price. All applicable taxes will be assessed based on the sum of the sales price and buyer's premium.
Unique Acreage Opportunity Just Outside Waverly, Iowa – Absolute Online Auction August 9th
📍1260 240th St, Waverly IA, 50677
2.68 acres located just outside Waverly, Iowa, only 1.5 miles west of Walmart. This versatile property offers a fantastic opportunity for those seeking rural tranquility with convenient access to town amenities. Future development plans include paving the road, enhancing accessibility and value.
Key Features:
- Double Garage: A spacious, steel-sided double garage provides ample storage or workshop space—perfect for hobbyists or equipment storage.
- Barn: In good condition with a sturdy steel roof, the barn is ideal for livestock, equipment, or additional storage needs.
- House: The existing residence is in rough condition and is being sold as-is. Buyers interested in retaining the home will be responsible for updating the septic system and any necessary repairs.
- Utilities: Rural water service is available on the road in front of the property, and natural gas is already to the house, offering convenient utility connections.
Please note, the property will be sold as-is in its current condition. The only item to be removed prior to closing is the excavator pictured in the photos. There is cement buried in the nw corner of the acreage.
Don’t miss this opportunity to own a spacious rural acreage with future development potential!
There is a 5% buyers premium added to the buyers final bid price. 10% earnest money due day of the auction.
Unique Acreage Opportunity Just Outside Waverly, Iowa - Online Auction August 9th
2.68 acres located just outside Waverly, Iowa, only 1.5 miles west of Walmart. This versatile property offers a fantastic opportunity for those seeking rural tranquility with convenient access to town amenities. Future development plans include paving the road, enhancing accessibility and value.
Please note that a buyers premium of 5% will apply.
This property will be sold on a timed online auction. Bidding will begin to close on August 9th, 2025 at 12PM CST (noon)
Close Process: The auction will begin to close at the advertised time. We use a soft close. This means that if a lot receives a bid within 5 minutes of its close, that lot will have its close time extended back to 5 minutes, this will give other bidders a chance to bid again. When no bids are received for 5 minutes, that lot will close.
You acknowledge that the internet may be an unreliable and error-prone network. Legacy Auction Company will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. Legacy Auction Company and its employees will not be responsible for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled if internet service is unstable or disrupts the online portion of any event that is simulcast as an Internet Auction.
Listed by: Jordon Hansen 712-209-1588, Midwest Property Connections, LLC
Auction Sales Method: The real estate will be offered as 1 tract(s) of land.
Survey: At the buyer's option and expense, they can have the property surveyed if desired. The final contract price will not be adjusted to reflect any difference between the advertised and actual surveyed acres.
Septic: It will be the responsibility of the buyer to update the septic (if required).
Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s).
Taxes: The real estate taxes will be pro-rated to the day of closing.
Contract and Title: Immediately upon the conclusion of the bidding, the high bidder(s) will enter into a real estate contract and the earnest money will be deposited in the Real Estate Trust Account of the seller's attorney. The Seller will provide a current abstract of title at their expense. The seller reserves the right to reject any and all bids.
Earnest Payment: Earnest money in the amount of ten (10%) percent of the contract price shall be due with the acceptance of the offer. The payment may be in the form of a cashier’s check, personal check, company check, or wired funds. Earnest money will be deposited in the Real Estate Trust Account of the seller's attorney.
Closing: The sale closing will be within 30 days of auction closing on a date agreed to by both parties. Certified funds will be required at the time of closing for the remaining balance of the purchase. The balance shall be paid in the form of certified funds upon closing.
Possession: Possession will be granted at closing, or such other date agreed to by both parties.
Waverly, Iowa 50677
United States